Aussie slides after S&P lowers Australia outlook to negative
Published Thu, Jul 7, 2016 · 02:31 AM
[TOKYO] Australia's dollar dropped after S&P Global Ratings cut the outlook on the nation's AAA bond rating to negative from stable.
The Aussie weakened as much as 0.7 per cent and was 0.5 per cent lower at 74.84 US cents as of 11:45am in Sydney from Wednesday.
BLOOMBERG
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Chinese firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1